Instead, you might consider alternatives like house hacking, where you live in one unit and rent out others, to save money.

Investment Info:Small multi-family (2-4 units) fix & flip investment.

. - if you're renting by the room vs renting the whole unit to a group of friends, have the following written into the leases: designated cabinets, designated fridge space, designated laundry days, overnight guest rule (and what's considered 'overnight'), + large gatherings rule.- remember that you'll be paying all utilities if you rent by the room, so factor that into what you charge for rent, and consider using remotely-controlled nest thermostats so they can't jack the heat up beyond what any normal person would pay for (if you're in a cold area). the same could be said for a home with central air in a warmer climate.- consider baking into the rest biweekly housekeeping, so that you know that the property is being kept up with (prevents pest issues), and you won't have to deal with any quarrels over who's cleaning the common areas more than who.- always have the parents co-sign the lease.- make a manual for them. what would your own kids be calling you about when they first move out on their own?

I am trying to purchase a quadplex with one commercial unit in Missouri.

These types of things are becoming more and more common in cities throughout the United States.

There is only one person occupying the unit.

Investment Info:Small multi-family (2-4 units) fix & flip investment.

So, yes, I feel there might be a bit of a discount on the commission if they are getting so many units to sell, but they are still putting in a lot of work, so I wouldn't grind them too hard.

I've come across several sources suggesting that purchasing an established Mobile Home Park (MHP) might be a more advantageous approach than constructing a new one.

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